More On: cardano
Cardano NEWS: ADA Crypto Network Expands ADA adds over 450,000 wallets in Q1 2022 with New Fund and Research Initiative
Cardano creator Charles Hoskinson has reacted to the news that blockchain business ConsenSys is facing a multi-billion dollar audit due to "irregularities," according to shareholders. "Just want to note out that J.P. Morgan does not control any critical Cardano Infrastructure," the IOHK CEO tweeted, implying decentralization in the Cardano ecosystem.
Just want to point out that J.P. Morgan does not own any critical Cardano Infrastructure https://t.co/SrEyVRehop— Charles Hoskinson (@IOHK_Charles) March 4, 2022
The value of important components of the Ethereum ecosystem, such as MetaMask and Infura, is at question in the ConSenSys audit.
A group of 35 former workers, representing more than half of all known ConsenSys AG (CAG) owners, has requested a special audit in connection with a planned asset transfer between ConSensys AG and ConSensys Software Inc. in August 2020.
Multiple assets were mispriced during the purchase, according to the organization, with significant assets like MetaMask valued as low as $4.4 million. JPMorgan also purchased a 10% stake in ConsenSys Software as part of the deal.
"We don't have any secrets," says IOHK's CEO.
When asked to comment on the Theranos debacle, Input-Output CEO Charles Hoskinson declared his business had "no secrets," according to U.Today.
"Anyone in the world may fork Cardano," he said. Anyone in the globe may take our paper and put it into practice, as Mina Protocol and Polkadot have done with several of our publications... There are no constraints. You don't let people see what's behind the curtain if you're a con artist because there's nothing there. That's all there is to it."
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